Sonic Healthcare Limited (OTCMKTS:SKHHY) Sees Significant Decline in Short Interest

Posted by Danessa Lincoln on Sep 27th, 2024

Sonic Healthcare Limited (OTCMKTS:SKHHY – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 600 shares, a decline of 81.3% from the August 31st total of 3,200 shares. Based on an average trading volume of 38,700 shares, the days-to-cover ratio is currently 0.0 days.

Sonic Healthcare Stock Up 5.0 %

Sonic Healthcare stock traded up $0.90 during midday trading on Friday, hitting $18.93. The stock had a trading volume of 14,047 shares, compared to its average volume of 15,008. The firm’s fifty day moving average is $18.16 and its two-hundred day moving average is $17.76. Sonic Healthcare has a 52-week low of $15.24 and a 52-week high of $22.40. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 0.40.

Sonic Healthcare Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.3843 per share. This is an increase from Sonic Healthcare’s previous dividend of $0.25. The ex-dividend date is Thursday, September 5th.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised shares of Sonic Healthcare to a “hold” rating in a research report on Monday, August 26th.

View Our Latest Research Report on Sonic Healthcare

Sonic Healthcare Company Profile

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Sonic Healthcare Limited offers medical diagnostic services to medical practitioners, hospitals, community health services, and their collective patients. The company provides laboratory medicine/pathology testing services, such as biochemistry, cytopathology, genetics, haematology, histopathology, immunoserology, microbiology, molecular pathology, prenatal testing, toxicology, and ancillary functions; and radiology services, including magnetic resonance imaging, computed tomography (CT), ultrasound, X-ray, mammography, nuclear medicine, PET CT, interventional procedures, and bone mineral densitometry.